Cash flow Alstom

Stocks

ALO

FR0010220475

Heavy Machinery & Vehicles

Market Closed - Euronext Paris 02:55:00 13/10/26 am AEDT			5-day change	1st Jan Change
15.91 ^EUR	+1.99%		+3.01%	-36.79%

12/10	Wall Street's Optimism Knows No Bounds
12/10	Wall Street Embraces High Rates and Strong Growth

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Published financial data: ALSTOM

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)	2026 (EUR)
Revenues	15.47B	16.51B	17.62B	18.49B	19.17B
Total Revenues	15.47B	16.51B	17.62B	18.49B	19.17B
Cost of Goods Sold, Total	13.75B	14.54B	15.41B	16.18B	16.82B
Gross Profit	1.72B	1.97B	2.21B	2.3B	2.35B
Selling General & Admin Expenses, Total	1.02B	1.12B	1.14B	1.1B	1.06B
R&D Expenses	604M	580M	609M	581M	623M
Other Operating Expenses, Total	1.62B	1.7B	1.75B	1.68B	1.69B
Operating Income	103M	264M	465M	628M	665M
Interest Expense, Total	-37M	-62M	-180M	-102M	-86M
Interest And Investment Income	20M	10M	27M	38M	30M
Net Interest Expenses	-17M	-52M	-153M	-64M	-56M
Income (Loss) On Equity Invest.	-347M	112M	-17M	116M	183M
Currency Exchange Gains (Loss)	40M	26M	20M	-10M	9M
Other Non Operating Income (Expenses)	-26M	-51M	-76M	-107M	-83M
EBT, Excl. Unusual Items	-247M	299M	239M	563M	718M
Restructuring Charges	-138M	-94M	-177M	-16M	-90M
Merger & Related Restructuring Charges	-94M	-224M	-260M	-97M	-
Gain (Loss) On Sale Of Assets	-	-30M	-	20M	7M
Asset Writedown	-15M	-	-	-2M	-
Legal Settlements	-8M	-	-	-37M	-30M
Other Unusual Items	-26M	-21M	-73M	-66M	-42M
EBT, Incl. Unusual Items	-528M	-70M	-271M	365M	563M
Income Tax Expense	27M	34M	6M	182M	199M
Earnings From Continuing Operations	-555M	-104M	-277M	183M	364M
Earnings Of Discontinued Operations	-5M	-4M	-2M	-4M	1M
Net Income to Company	-560M	-108M	-279M	179M	365M
Minority Interest	-21M	-24M	-30M	-30M	-41M
Net Income - (IS)	-581M	-132M	-309M	149M	324M
Preferred Dividend and Other Adjustments	-	-	-	11M	44M
Net Income to Common Incl Extra Items	-581M	-132M	-309M	138M	280M
Net Income to Common Excl. Extra Items	-576M	-128M	-307M	142M	279M
Per Share Items
Net EPS - Basic	-1.56	-0.35	-0.81	0.31	0.61
Basic EPS - Continuing Operations	-1.55	-0.34	-0.8	0.32	0.6
Basic Weighted Average Shares Outstanding	373M	376M	383M	449M	462M
Net EPS - Diluted	-1.56	-0.35	-0.81	0.3	0.6
Diluted EPS - Continuing Operations	-1.55	-0.34	-0.8	0.31	0.6
Diluted Weighted Average Shares Outstanding	373M	378M	383M	452M	465M
Normalized Basic EPS	-0.47	0.43	0.31	0.72	0.88
Normalized Diluted EPS	-0.47	0.43	0.31	0.71	0.88
Dividend Per Share	0.25	0.25	-	-	-
Payout Ratio	-7.75	-32.58	-19.74	7.38	13.58
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	773M	937M	1.06B	1.25B	1.16B
EBITA	539M	652M	825M	976M	903M
EBIT	103M	264M	465M	628M	665M
Effective Tax Rate - (Ratio)	-5.11	-48.57	-2.21	49.86	35.35
Total Current Taxes	74M	170M	110M	219M	202M
Total Deferred Taxes	-47M	-136M	-104M	-37M	-3M
Normalized Net Income	-175M	163M	119M	322M	408M
Interest on Long-Term Debt	10M	14M	21M	32M	34M
Non-Cash Pension Expense	32M	15M	38M	47M	41M
Supplemental Operating Expense Items
Selling and Marketing Expenses	354M	375M	383M	363M	359M
General and Administrative Expenses	642M	721M	725M	699M	671M
Research And Development Expense From Footnotes	686M	683M	732M	687M	723M
Stock-Based Comp., Other (Total)	42M	66M	19M	20M	12M
Total Stock-Based Compensation	42M	66M	19M	20M	12M

Fiscal Period: March	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)	2026 (EUR)
Assets
Cash And Equivalents	810M	826M	976M	2.27B	2.3B
Total Cash And Short Term Investments	810M	826M	976M	2.27B	2.3B
Accounts Receivable, Total	6.56B	7.18B	7.92B	8.74B	9.52B
Other Receivables	1B	992M	1.15B	1.26B	1.06B
Total Receivables	7.57B	8.17B	9.07B	10B	10.58B
Inventory	3.27B	3.73B	3.82B	4.15B	4.28B
Prepaid Expenses	110M	153M	138M	171M	195M
Other Current Assets, Total	1.48B	1.67B	3.01B	2.01B	1.73B
Total Current Assets	13.24B	14.55B	17.01B	18.61B	19.07B
Gross Property Plant And Equipment	5.6B	5.76B	6.34B	6.45B	6.69B
Accumulated Depreciation	-3.04B	-3.28B	-3.49B	-3.65B	-3.78B
Net Property Plant And Equipment	2.55B	2.48B	2.85B	2.79B	2.9B
Long-term Investments	1.26B	1.21B	956M	926M	948M
Goodwill	9.37B	9.38B	9.09B	9.12B	9.12B
Other Intangibles, Total	2.62B	2.18B	1.76B	1.98B	1.16B
Loans Receivable Long-Term	498M	450M	399M	465M	523M
Deferred Tax Assets Long-Term	452M	596M	673M	689M	673M
Deferred Charges Long-Term	382M	429M	507M	-	610M
Other Long-Term Assets, Total	146M	119M	-	-	-
Total Assets	30.52B	31.4B	33.25B	34.59B	35B
Liabilities
Accounts Payable, Total	3.65B	3.94B	3.73B	3.97B	4.46B
Accrued Expenses, Total	1.25B	1.78B	1.65B	1.79B	1.66B
Current Portion of Long-Term Debt	313M	396M	1.32B	87M	781M
Current Portion of Leases	143M	144M	174M	187M	186M
Current Income Taxes Payable	275M	268M	213M	247M	178M
Unearned Revenue Current, Total	6.16B	6.78B	8B	8.88B	9.41B
Other Current Liabilities	4.71B	4.33B	4.64B	4.08B	3.66B
Total Current Liabilities	16.5B	17.64B	19.73B	19.25B	20.33B
Long-Term Debt	2.66B	2.66B	2.69B	2.71B	1.98B
Long-Term Leases	566M	501M	471M	609M	608M
Pension & Other Post Retirement Benefits	1.2B	923M	946M	935M	878M
Deferred Tax Liability Non Current	127M	128M	91M	75M	64M
Other Non Current Liabilities	437M	442M	539M	427M	361M
Total Liabilities	21.49B	22.29B	24.48B	24.01B	24.22B
Common Stock, Total	2.61B	2.66B	2.69B	3.23B	3.23B
Additional Paid In Capital	5.35B	5.44B	5.49B	5.87B	5.87B
Retained Earnings	1.24B	1.13B	741M	870M	1.14B
Comprehensive Income and Other	-293M	-245M	-245M	494M	417M
Total Common Equity	8.91B	9B	8.67B	10.46B	10.66B
Minority Interest	113M	105M	106M	113M	121M
Total Equity	9.02B	9.1B	8.78B	10.58B	10.78B
Total Liabilities And Equity	30.52B	31.4B	33.25B	34.59B	35B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	373M	380M	384M	462M	462M
ECS Total Common Shares Outstanding	373M	380M	384M	462M	462M
Book Value / Share	23.87	23.65	22.57	21.05	21.46
Tangible Book Value	-3.08B	-2.56B	-2.18B	-634M	386M
Tangible Book Value Per Share	-8.24	-6.73	-5.68	-3	-0.79
Total Debt	3.68B	3.7B	4.66B	3.59B	3.56B
Net Debt	2.88B	2.87B	3.68B	1.32B	1.26B
Debt Equivalent of Unfunded Proj. Benefit Obligation	812M	513M	623M	630M	554M
Minority Interest, Total (Incl. Fin. Div)	113M	105M	106M	113M	121M
Equity Method Investments, Total	1.18B	1.13B	882M	871M	897M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	2.35B	2.64B	2.82B	3.05B	3.15B
Inventories - Work In Process, Total	1.27B	1.32B	1.05B	1.08B	1.12B
Inventories - Finished Goods, Total	141M	174M	190M	250M	274M
Land - (BS)	270M	272M	275M	266M	278M
Buildings, Total	2.01B	2.05B	2.17B	2.25B	2.31B
Machinery, Total	2.29B	2.35B	2.43B	2.44B	2.51B
Full Time Employees	69.32K	74.51K	78.68K	86.04K	87.83K
Accumulated Allowance for Doubtful Accounts (Supple)	70M	55M	34M	31M	25M
Order Backlog	81.01B	87.39B	91.9B	94.96B	104B

Fiscal Period: March	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)	2026 (EUR)
Net Income	-581M	-132M	-309M	149M	324M
Depreciation & Amortization - CF	373M	417M	376M	445M	434M
Amortization of Goodwill and Intangible Assets - (CF)	436M	388M	360M	348M	238M
Depreciation & Amortization, Total	809M	805M	736M	793M	672M
Amortization of Deferred Charges, Total - (CF)	67M	81M	100M	81M	141M
(Gain) Loss From Sale Of Asset	-1M	28M	-1M	-18M	-15M
(Income) Loss On Equity Investments - (CF)	446M	2M	327M	40M	-38M
Stock-Based Compensation (CF)	42M	66M	19M	20M	12M
Other Operating Activities, Total	-10M	-77M	-113M	-6M	66M
Change in Other Net Operating Assets	-1.35B	-167M	-841M	-87M	-271M
Cash from Operations	-577M	606M	-82M	972M	891M
Capital Expenditure	-428M	-431M	-485M	-482M	-567M
Sale of Property, Plant, and Equipment	13M	24M	8M	12M	13M
Cash Acquisitions	-63M	-30M	-31M	-10M	-
Divestitures	-4M	-65M	73M	595M	6M
Other Investing Activities, Total	39M	24M	4M	8M	-4M
Cash from Investing	-443M	-478M	-431M	123M	-552M
Long-Term Debt Issued, Total	1.2B	56M	877M	-	-
Total Debt Issued	1.2B	56M	877M	-	-
Long-Term Debt Repaid, Total	-567M	-150M	-160M	-1.43B	-181M
Total Debt Repaid	-567M	-150M	-160M	-1.43B	-181M
Issuance of Common Stock	2M	90M	-	1.72B	-
Common Dividends Paid	-45M	-43M	-61M	-11M	-44M
Common & Preferred Stock Dividends Paid	-45M	-43M	-61M	-11M	-44M
Other Financing Activities, Total	-32M	-14M	40M	-38M	-48M
Cash from Financing	558M	-61M	696M	244M	-273M
Foreign Exchange Rate Adjustments	19M	-53M	-33M	-16M	-45M
Miscellaneous Cash Flow Adjustments	3M	2M	0	-25M	3M
Net Change in Cash	-440M	16M	150M	1.3B	24M
Supplemental Items
Cash Income Tax Paid (Refund)	141M	130M	188M	181M	241M
Levered Free Cash Flow	-373M	417M	-620M	1.17B	568M
Unlevered Free Cash Flow	-350M	456M	-507M	1.23B	622M
Change In Net Working Capital	904M	230M	1.17B	-430M	52M
Net Debt Issued / Repaid	633M	-94M	717M	-1.43B	-181M

Fiscal Period: March	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)	2026 (EUR)
Profitability
Return on Assets	0.22	0.53	0.9	1.16	1.19
Return on Total Capital	0.52	1.29	2.22	2.84	2.92
Return On Equity %	-6.12	-1.15	-3.1	1.89	3.41
Return on Common Equity	-6.42	-1.43	-3.48	1.48	2.64
Margin Analysis
Gross Profit Margin %	11.15	11.91	12.56	12.46	12.27
SG&A Margin	6.58	6.8	6.46	5.92	5.55
EBITDA Margin %	5	5.68	5.99	6.78	6.02
EBITA Margin %	3.48	3.95	4.68	5.28	4.71
EBIT Margin %	0.67	1.6	2.64	3.4	3.47
Income From Continuing Operations Margin %	-3.59	-0.63	-1.57	0.99	1.9
Net Income Margin %	-3.76	-0.8	-1.75	0.81	1.69
Net Avail. For Common Margin %	-3.72	-0.78	-1.74	0.77	1.46
Normalized Net Income Margin	-1.13	0.99	0.68	1.74	2.13
Levered Free Cash Flow Margin	-2.41	2.53	-3.52	6.33	2.96
Unlevered Free Cash Flow Margin	-2.26	2.76	-2.88	6.68	3.24
Asset Turnover
Asset Turnover	0.52	0.53	0.55	0.55	0.55
Fixed Assets Turnover	6.07	6.56	6.46	6.55	6.73
Receivables Turnover (Average Receivables)	2.68	2.4	2.33	2.22	2.1
Inventory Turnover (Average Inventory)	4.41	4.15	4.08	4.06	3.99
Short Term Liquidity
Current Ratio	0.8	0.82	0.86	0.97	0.94
Quick Ratio	0.51	0.51	0.51	0.64	0.63
Operating Cash Flow to Current Liabilities	-0.03	0.03	-0	0.05	0.04
Days Sales Outstanding (Average Receivables)	136.28	151.95	156.81	164.47	173.88
Days Outstanding Inventory (Average Inventory)	82.79	87.89	89.65	89.86	91.44
Average Days Payable Outstanding	94.27	92.37	90.61	85.11	90.81
Cash Conversion Cycle (Average Days)	124.8	147.48	155.84	169.22	174.51
Long Term Solvency
Total Debt/Equity	40.84	40.63	53.03	33.96	32.97
Total Debt / Total Capital	29	28.89	34.65	25.35	24.79
LT Debt/Equity	35.78	34.7	36.06	31.37	24
Long-Term Debt / Total Capital	25.41	24.67	23.56	23.42	18.05
Total Liabilities / Total Assets	70.43	71.01	73.6	69.42	69.19
EBIT / Interest Expense	2.78	4.26	2.58	6.16	7.73
EBITDA / Interest Expense	24.65	17.24	6.67	13.93	15.55
(EBITDA - Capex) / Interest Expense	13.08	10.29	3.98	9.21	8.95
Total Debt / EBITDA	4.04	3.46	3.88	2.53	2.66
Net Debt / EBITDA	3.15	2.69	3.06	0.93	0.94
Total Debt / (EBITDA - Capex)	7.61	5.8	6.5	3.83	4.62
Net Debt / (EBITDA - Capex)	5.94	4.5	5.14	1.4	1.63
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	76.11	6.7	6.74	4.94	3.69
Gross Profit, 1 Yr. Growth %	24.55	13.97	12.56	4.11	2.08
EBITDA, 1 Yr. Growth %	25.28	21.37	12.7	18.66	-7.82
EBITA, 1 Yr. Growth %	9.78	20.96	26.53	18.3	-7.48
EBIT, 1 Yr. Growth %	-75.3	156.31	76.14	35.05	5.89
Earnings From Cont. Operations, 1 Yr. Growth %	-320.24	-81.26	166.35	-166.06	98.91
Net Income, 1 Yr. Growth %	-335.22	-77.28	134.09	-148.22	117.45
Normalized Net Income, 1 Yr. Growth %	-165.29	-192.87	-26.71	172.49	26.68
Diluted EPS Before Extra, 1 Yr. Growth %	-269.82	-77.94	135.14	-138.68	93.55
Accounts Receivable, 1 Yr. Growth %	31.62	9.35	10.29	10.43	8.89
Inventory, 1 Yr. Growth %	10.53	13.9	2.39	8.72	3.01
Net Property, Plant and Equip., 1 Yr. Growth %	0	-2.71	9.77	-2.1	3.87
Total Assets, 1 Yr. Growth %	6.82	2.89	5.91	4.01	1.21
Tangible Book Value, 1 Yr. Growth %	16.6	-16.8	-14.77	-76.42	-628.77
Common Equity, 1 Yr. Growth %	-1.42	0.96	-3.61	20.66	1.9
Cash From Operations, 1 Yr. Growth %	26.81	-205.03	-113.53	-1.29K	-8.33
Capital Expenditures, 1 Yr. Growth %	61.51	0.7	12.53	-0.62	17.63
Levered Free Cash Flow, 1 Yr. Growth %	-110.02	-211.94	-248.56	-288.87	-51.49
Unlevered Free Cash Flow, 1 Yr. Growth %	-109.35	-230.43	-211.27	-343.31	-49.65
Dividend Per Share, 1 Yr. Growth %	0	0	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	37.35	37.08	6.72	5.83	4.31
Gross Profit, 2 Yr. CAGR %	8.66	19.14	13.27	8.26	3.09
EBITDA, 2 Yr. CAGR %	4.94	23.23	16.96	15.64	4.58
EBITA, 2 Yr. CAGR %	-3.93	15.23	23.72	22.35	4.62
EBIT, 2 Yr. CAGR %	-57	-20.43	112.48	54.23	19.59
Earnings From Cont. Operations, 2 Yr. CAGR %	10.69	-35.76	-29.35	32.65	14.63
Net Income, 2 Yr. CAGR %	11.54	-26.9	-27.07	6.24	2.4
Normalized Net Income, 2 Yr. CAGR %	-30.61	-22.13	-17.5	40.58	85.79
Diluted EPS Before Extra, 2 Yr. CAGR %	-11.43	-38.8	-27.98	-4.63	-13.48
Accounts Receivable, 2 Yr. CAGR %	43.01	19.97	9.82	10.36	9.66
Inventory, 2 Yr. CAGR %	37.05	12.2	7.99	5.51	5.83
Net Property, Plant and Equip., 2 Yr. CAGR %	36.38	-1.36	5.79	3.66	0.84
Total Assets, 2 Yr. CAGR %	53.16	4.84	4.39	4.96	2.6
Tangible Book Value, 2 Yr. CAGR %	41.31	-1.51	-15.79	-50.24	-62.11
Common Equity, 2 Yr. CAGR %	65.05	-0.23	-1.35	7.84	10.89
Cash From Operations, 2 Yr. CAGR %	10.1	15.41	-62.3	26.65	229.63
Capital Expenditures, 2 Yr. CAGR %	24.98	27.53	6.45	5.75	8.12
Levered Free Cash Flow, 2 Yr. CAGR %	53.84	-66.51	28.96	67.51	-4.29
Unlevered Free Cash Flow, 2 Yr. CAGR %	34.55	-65.08	20.47	64.54	10.69
Dividend Per Share, 2 Yr. CAGR %	-	0	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	24.22	26.26	26.11	6.12	5.11
Gross Profit, 3 Yr. CAGR %	6.43	10.4	16.91	10.13	6.16
EBITDA, 3 Yr. CAGR %	3.71	10.1	19.62	17.52	7.22
EBITA, 3 Yr. CAGR %	-2.8	3.74	18.88	21.89	11.47
EBIT, 3 Yr. CAGR %	-43.16	-22.03	3.7	82.69	36.06
Earnings From Cont. Operations, 3 Yr. CAGR %	7.64	-38.77	3.2	-30.91	51.83
Net Income, 3 Yr. CAGR %	-5.16	-34.37	7.75	-36.47	34.89
Normalized Net Income, 3 Yr. CAGR %	-24.76	-23.53	-23.69	22.44	35.78
Diluted EPS Before Extra, 3 Yr. CAGR %	-7.14	-44.28	-4.14	-41.46	20.74
Accounts Receivable, 3 Yr. CAGR %	28.63	30.77	16.65	10.03	9.87
Inventory, 3 Yr. CAGR %	28.78	28.85	8.83	8.23	4.67
Net Property, Plant and Equip., 3 Yr. CAGR %	38.83	21.86	3.83	3.09	3.73
Total Assets, 3 Yr. CAGR %	31.53	34.14	5.19	4.26	3.69
Tangible Book Value, 3 Yr. CAGR %	9.71	18.43	-6.14	-40.94	-46.78
Common Equity, 3 Yr. CAGR %	29.63	40.11	-1.37	5.5	5.83
Cash From Operations, 3 Yr. CAGR %	10.73	8.38	-43.51	18.99	13.71
Capital Expenditures, 3 Yr. CAGR %	15.89	16.3	22.32	4.04	9.57
Levered Free Cash Flow, 3 Yr. CAGR %	-48.24	38.37	-44.97	46.45	10.82
Unlevered Free Cash Flow, 3 Yr. CAGR %	-49.54	33.16	-48.62	52.28	10.88
Dividend Per Share, 3 Yr. CAGR %	-64.31	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	16.19	17.58	16.9	17.65	16.89
Gross Profit, 5 Yr. CAGR %	8.73	10.03	9.11	9.54	11.17
EBITDA, 5 Yr. CAGR %	8.34	13.38	8.79	12.29	13.36
EBITA, 5 Yr. CAGR %	3.91	9.88	7.04	10.82	12.96
EBIT, 5 Yr. CAGR %	-24.1	-7.22	-3.68	2.43	9.78
Earnings From Cont. Operations, 5 Yr. CAGR %	18.55	-20.23	-9.05	-16.58	7.63
Net Income, 5 Yr. CAGR %	14.99	-18.41	-14.62	-20.43	5.58
Normalized Net Income, 5 Yr. CAGR %	-4.52	-12.2	-21.94	-2.44	8.7
Diluted EPS Before Extra, 5 Yr. CAGR %	9.1	-24.72	-16.12	-30.92	-7.99
Accounts Receivable, 5 Yr. CAGR %	7.72	19.43	20.75	22.19	13.8
Inventory, 5 Yr. CAGR %	29.01	20.96	20.02	18.95	7.62
Net Property, Plant and Equip., 5 Yr. CAGR %	27.76	23.78	24.53	15.3	2.62
Total Assets, 5 Yr. CAGR %	16.27	18.84	19.92	21.6	4.15
Tangible Book Value, 5 Yr. CAGR %	9.18	7.26	-1.3	-16.27	-31.92
Common Equity, 5 Yr. CAGR %	19.47	21.66	16.21	26.18	3.36
Cash From Operations, 5 Yr. CAGR %	7.55	7.71	-28.04	15.35	14.39
Capital Expenditures, 5 Yr. CAGR %	14.24	8.02	12.02	11.96	16.43
Levered Free Cash Flow, 5 Yr. CAGR %	18.99	-23.41	-25.42	49.36	-31.33
Unlevered Free Cash Flow, 5 Yr. CAGR %	10.67	-21.64	-28.53	44.92	-30.15
Dividend Per Share, 5 Yr. CAGR %	0	-6.51	-	-	-